hard20 pts · first answer countsinternal-controlsentity-level-controlsfraud-risk

When the CEO says skip it

The CEO regularly tells finance to release urgent payments "now, paperwork later", and staff comply. Which statement best describes the impact?

A.It affects only the payments process, so other cycles can still be relied onB.It is acceptable if the paperwork is eventually completed within 30 daysC.It is an entity-level weakness that undermines many process controls at onceD.It is a design deficiency in the ERP that IT should fix with a hard stop

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When the CEO says skip it

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